I was at a job a few years back for a very short time, but had accumulated a whopping ~$3,500 in retirement. 
I continue to get notifications that I have this available (like a statement, but no changes in the amount).
Would you cash this out? I don't even know or think this could transfer to my current job. I've been here almost 4 years now.
Help!
nectarine / 2243 posts
NO! roll it over to your new 401K if you have a new employer and you are able to (ask HR or whomever manages your current 401), or roll it into a traditional or roth IRA. Its super easy to do.
$3500 is nothing to scoff at. If you cash out you are going to take a huge huge tax hit/penalty for early withdrawal. You will just be throwing money away.
pomelo / 5720 posts
I have a had a few of these small retirement accounts and just rolled each over into my current 401K. That's probably what I would do, if I were you.
pear / 1718 posts
No way! Roll it over or leave it there. You'll get hit with a 10% penalty for withdrawal.
grapefruit / 4321 posts
NOOOOOOOOOOOOOOOOOO. You'll get hit with taxes and a penalty. Roll it over.
pear / 1677 posts
@bushelandapeck: @Littlebit7: @SweetCaroline: Good enough! Thanks for the responses!
This thread has been closed by the original poster.
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